Internal Carbon Price Policy to reduce corporate emissionsInternal Carbon Price Policy to reduce corporate emissions<div class="ExternalClassE0EFE68654B04FFAB7523CF9B64E497C"><p>The Metro Vancouver Board last month approved a new Carbon Price Policy, which aims to reduce greenhouse gas (GHG) emissions associated with its own projects and initiatives. </p><p>The new policy requires that the value of GHG emissions is included when evaluating new Metro Vancouver-funded project options, by incorporating an internal carbon price into decision-making processes for typical projects such as construction or vehicle purchases, as well as for carbon-reduction programs. </p><p>This enables the Board to consider climate change in every decision, select the greenest option available, and manage the risk of future costs related to corporate GHG emissions if external carbon taxes were to rise significantly. The carbon price may affect which option is chosen, but will not result in additional payments for GHG emissions, either internally or to another entity.</p><p>A value of $150 per tonne of emitted GHGs was selected as the upper limit that Metro Vancouver would consider paying for reducing GHG emissions when comparing the financial case for different options. This value aligns with recommendations from Canadian experts in economics. The policy only applies to Metro Vancouver’s corporate emissions, and does not apply to emissions from households, businesses or institutions within Metro Vancouver.</p><p>The policy supports Metro Vancouver’s leadership role on climate action and its regional goal of reducing emissions by 80% below 2007 levels by 2050.</p></div>http://www.metrovancouver.org/metroupdate/PublishingImages/issue34-carbon.jpg2017-07-31T07:00:00ZGP0|#2c0fce0a-9b46-4bae-b276-c523188c6aa3;L0|#02c0fce0a-9b46-4bae-b276-c523188c6aa3|Issue 34;GTSet|#d14ffe11-45dc-48fb-8684-ff109cf15a74<div class="ExternalClass1ED2D501128248B9BB7103D8F5BE826D"><p>​The Metro Vancouver Board last month approved a new Carbon Price Policy, which aims to reduce greenhouse gas (GHG) emissions associated with its own projects and initiatives. The new policy requires that the value of GHG emissions is included when evaluating new Metro Vancouver-funded project options, by incorporating an internal carbon price into decision-making processes for typical projects such as construction or vehicle purchases, as well as for carbon-reduction programs. </p></div>0New Carbon Price policy aims to reduce GHGs